This term has multiple meanings. In the context of:
Bankruptcy, confirmation is also known as confirm and confirmed. The bankruptcy court's final approval of a plan of reorganization ( www.practicallaw.com/9-382-3694) or liquidation ( www.practicallaw.com/9-382-3590) in Chapter 11, or a payment plan in Chapter 12 or Chapter 13 ( www.practicallaw.com/1-385-0747) . A consensual plan must satisfy 14 conditions before it may be confirmed. A non-consensual plan may be confirmed only if it meets the cramdown ( www.practicallaw.com/8-382-3369) conditions of the Bankruptcy Code ( www.practicallaw.com/7-382-3256) . A plan must be confirmed before it can be executed.
Swaps ( www.practicallaw.com/0-382-3858) and derivatives ( www.practicallaw.com/3-382-3404) , also referred to as the transaction confirmation or trade confirmation ( www.practicallaw.com/2-386-8134) .